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Feb 6, 2013
02/13
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WBAL
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it is protected and accumulated $745 billion budget deficit within the next 10 years. after adding in infrastructure needs and retiree obligation, the deficit soars to $2 billion. even if the city use the reserve fund, it would be empty in three years. we will have the mayor's response tonight at 11:00 -- tonight at 5:00 and 6:00. a scenario that is starting to feel too much like a broken record for americans. a deadline will trigger a one trillion dollars in spending cuts over the next 10 years. what this means for regular folks. >> here is what it boils down to, basically. if huge automatic spending cuts kicks in and the economy slows down, all of us will feel the impact. nearly everyone on both sides in washington would like to avoid that, the question is, how? another day, another dollar, another fiscal fight in washington. the issue now, massive spending cuts. it is called sequestration and we were not supposed to get to this point in the first place. >> this was never intended to happen, it was a proposal that was meant to spur lawmakers into action to come up wi
it is protected and accumulated $745 billion budget deficit within the next 10 years. after adding in infrastructure needs and retiree obligation, the deficit soars to $2 billion. even if the city use the reserve fund, it would be empty in three years. we will have the mayor's response tonight at 11:00 -- tonight at 5:00 and 6:00. a scenario that is starting to feel too much like a broken record for americans. a deadline will trigger a one trillion dollars in spending cuts over the next 10...
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Feb 5, 2013
02/13
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FOXNEWS
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>> i think our deficit will good up. that's going to cut a big hole in our economy so tax revenues will dry up. i think our economy is very delicate right now. businesses are tired of the uncertainty. if the president keeps talking tax increases, i'm worried about what that that will de. >> the president elect of the heritage foundation. >> with the nation's debt mounting, new fears america's credit rate could go be slashed again. and now this. attorney general eric holder announcing a lawsuit against standard & poors. the suit, which seeks $5 billion in damages, claims s&p's high rating on risky mortgage investments brought the financial system to the brink of collapse. why just s&p? why not other rating agencies? no. it is just s&p. the same firm that had the temerity to downgrade our debt. critics crying foul, claiming the move is nothing more than political retallation. is it? we're on it with fox news legal analyst mercedes and fox business net wish are melissa mercedes, you first. do you think this is political pay
>> i think our deficit will good up. that's going to cut a big hole in our economy so tax revenues will dry up. i think our economy is very delicate right now. businesses are tired of the uncertainty. if the president keeps talking tax increases, i'm worried about what that that will de. >> the president elect of the heritage foundation. >> with the nation's debt mounting, new fears america's credit rate could go be slashed again. and now this. attorney general eric holder...
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Feb 6, 2013
02/13
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WTTG
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eye 128
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the president's bipartisan commission came up with a deficit reduction plan. i think we're back to ground zero again. but it doesn't feel like it this time. i don't know why. i think frankly it's going to happen. >> got about five seconds. final words. >> more government in business than you like to admit. >> we will see. unfortunately it's not too far from now where we will see. we'll be right back. thank you, gentleman. ♪ ♪ i'm halfway to your heart ♪ you have to let me know ♪ so i don't make my worst mistake ♪ ♪ turn around and let you go [ female announcer ] when sweet and salty come together, the taste is irresistible. made with sweet, smooth peanut butter and salted, roasted peanuts. sweet and salty nut bars by nature valley. nature at its most delicious. >>> the voting is over. now, today is the day your monopoly board will get a make over. hasbro will announce which game piece it will eliminate. remember we talked about this a while back. and as you can see on the graph, the shoe, the wheelbarrow and the iron are in the danger zone. whichev
the president's bipartisan commission came up with a deficit reduction plan. i think we're back to ground zero again. but it doesn't feel like it this time. i don't know why. i think frankly it's going to happen. >> got about five seconds. final words. >> more government in business than you like to admit. >> we will see. unfortunately it's not too far from now where we will see. we'll be right back. thank you, gentleman. ♪ ♪ i'm halfway to your heart ♪ you have to let...
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49
Feb 4, 2013
02/13
by
FOXNEWS
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eye 49
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this the in the new normal no interest in bringing down the deficit or the debt. >> we just did this whole fiscal cliff thing at the end of the year. we thought hey had a deal where we're going to raise revenues this way and cut spending this way, blah blah blah. listen to what president barack obama said just this past sunday. >> there's no doubt we need additional revenue. coupled with smart spending reductions, in order to bring down our deficit. >> was he crossing his fingers behind his back when he negotiated the fiscal cliff deal? sounds like he is going after more revenue. >> he'll never stop trying to raise taxes. whether or not he can succeed i don't know. he comes out of a far left ideology that believes in class warfare and radical wealth restriction and to feed that you need tax revenue coming from the so-called 1% on whom he raised tax throw it the fiscal cliff deal. he knows the real now is with the mitting class so he is coming for you. so -- >> wait, wait. right there want you to listen to this. this is also what he said. >> can we close some loopholes and deductions
this the in the new normal no interest in bringing down the deficit or the debt. >> we just did this whole fiscal cliff thing at the end of the year. we thought hey had a deal where we're going to raise revenues this way and cut spending this way, blah blah blah. listen to what president barack obama said just this past sunday. >> there's no doubt we need additional revenue. coupled with smart spending reductions, in order to bring down our deficit. >> was he crossing his...
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Feb 5, 2013
02/13
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CSPAN2
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so the people can understand that you have an objective in mind you are objective is to get the deficit below 20% by 2015. we are on track for that. we need to pay overtime allowances for agency workers and so on on new year's. the congress and the u.s. government operate differently than government here. the strategy with enough time to achieve that. there is a constant explanation to people as to how you intend to get the. we need european support. in that sense, the united states is such a huge country. with such potential. i believe that i think the united states also needs to look at the global positioning because of the impact on the world economy. >> thank you very much. i'm sorry that we are going to have to draw this to a close. i was hoping that the irish prime minister with a a message saying that if you could only get your act together and cure these problems, it would be so much better for europe and the world. but you are way too much of a diplomat for that. [laughter] >> thank you very much. i'm sorry we cannot take more questions. it's been a fascinating session. please
so the people can understand that you have an objective in mind you are objective is to get the deficit below 20% by 2015. we are on track for that. we need to pay overtime allowances for agency workers and so on on new year's. the congress and the u.s. government operate differently than government here. the strategy with enough time to achieve that. there is a constant explanation to people as to how you intend to get the. we need european support. in that sense, the united states is such a...
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Feb 4, 2013
02/13
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WTTG
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they say let's deficit spend. democrats deficit spend. that is why the country does not trust washington. >> reporter: congress is still working to pass a budget that satisfies both the house and the senate. the president says, if lawmakers can agree to work together, the country's budget issues can be resolved. >> there is a way for us to solve these budget in a responsible way through a balanced approach that the vast majority of people agree with. if we do that, there is no reason why we can't have really strong growth in 2013. we can't have washington dysfunction getting in the way. >> reporter: on monday morning, the commerce department is expected to release factory orders for december. the measure indicates the health of the u.s. manufacturing sector. analysts expect an increase of 2.3%. in new york, mary ann rafferty, fox news. >>> good morning. it is 4:30 on this monday, february 4th. taking a live look over washington, d.c., a cold start to your day. there are a lot of people who don't care. good morning. i'm sarah simmons i'm w
they say let's deficit spend. democrats deficit spend. that is why the country does not trust washington. >> reporter: congress is still working to pass a budget that satisfies both the house and the senate. the president says, if lawmakers can agree to work together, the country's budget issues can be resolved. >> there is a way for us to solve these budget in a responsible way through a balanced approach that the vast majority of people agree with. if we do that, there is no...
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Feb 5, 2013
02/13
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FOXNEWSW
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everybody wanted -- he was there to talk about spending deficit and debt. everybody wanted to talk about gun control. almost to a person everyone said the only reason why the government wants me to go through background checks is so they know what background i have and how many guns i have so they can take my guns. that's what the perception is. >> there's a lot of paranoia. the there is no such plot a foot from anybody involved. of course the president is out of touch with the sport with the family traditions. that's why the picture was posted. >> here's a simple solution. all gun control ought to apply to everybody that includes the body guards anybody who works for the department or agency. if you don't think i need this or that weapon to protect my family you don't need yours. i am saying all americans are worth the same. my family is eerie bit as valuable as anybody else's family when he works in congress or the branch. >> we have to leave it there. stay tuned. we are going to tell you what it takes to accurately predict the outcome of a football game.
everybody wanted -- he was there to talk about spending deficit and debt. everybody wanted to talk about gun control. almost to a person everyone said the only reason why the government wants me to go through background checks is so they know what background i have and how many guns i have so they can take my guns. that's what the perception is. >> there's a lot of paranoia. the there is no such plot a foot from anybody involved. of course the president is out of touch with the sport with...
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Feb 7, 2013
02/13
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CNBC
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we don't need to do this now so i think we should -- we've done plenty of deficit reduction for right now. the newest cbo numbers show the deficit is going to come down dramatically in the next couple of years. let's get to another election. >> can you really say -- can you real say we've done deficit reduction when in fact the only thing that was cut was the projected it was -- laura. we still have $16.4 trillion in debt. that's -- >> yes, and i want to ask you, maria, what's the concern about that? can we pay off that debt? all of the world's bond markets and capital investors think we can. i think we can. i don't know why we want to fix it sate on that number right now. i want to fixate on fixing debt to gdp ratio. i said, there was more work to be done. we do not have to do it this year and we do not have to do it in this way. >> real quick, what are the olds of the deal? bob? >> ah, 30%. >> 30% odds of a deal. you agree with that, laura? >> you know, we might blow through the sequester deadline. i think once people look at the cuts that are required, they are going to back away,
we don't need to do this now so i think we should -- we've done plenty of deficit reduction for right now. the newest cbo numbers show the deficit is going to come down dramatically in the next couple of years. let's get to another election. >> can you really say -- can you real say we've done deficit reduction when in fact the only thing that was cut was the projected it was -- laura. we still have $16.4 trillion in debt. that's -- >> yes, and i want to ask you, maria, what's the...
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Feb 2, 2013
02/13
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FOXNEWSW
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eventually debt has to be paid back and the problem is we adding three billion a day to the deficit, and i'm just worried that one day we're going to wake up and the market's eyes are going to open up and say wait a minute, look at all these debt and start hitting the wrong way. but look. so far so good. for whatever reason the market likes what it sees, and i never argue with the market. it's kind of stupid to do that. i think you would be run over by a train if you bet against it right now. >> heather: gary kaltbaum joining us. thank you so much. we appreciate your insight as always. >> my pleasure. thank you. >> gregg: so he gave us the barney cam. remember that, and he was by president bush's side throughout his eight years in the white house. what the former president is now saying about his beloved scottish terrier. yeah the barney cam. >> heather: hours before the big game, gregg, new developments and allegations involving nfl player ray lewis. >> gregg: really? i'm so stunned. i'm surprised about this. >> heather: he's speaking out about this. >> gregg: he is? he's talking no
eventually debt has to be paid back and the problem is we adding three billion a day to the deficit, and i'm just worried that one day we're going to wake up and the market's eyes are going to open up and say wait a minute, look at all these debt and start hitting the wrong way. but look. so far so good. for whatever reason the market likes what it sees, and i never argue with the market. it's kind of stupid to do that. i think you would be run over by a train if you bet against it right now....
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Feb 6, 2013
02/13
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WUSA
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indicated they will let the automatic cuts take effect if there's no long-term agreement to reduce the deficit. both cuts would take a bite out of military and domestic spending programs including a 2% hit to medicare. danielle nottingham, cbs news, the white house. >>> on the "cbs moneywatch" now, overseas markets got a boost and postal problems. ashley morrison is here in new york with that and more. good morning, ashley. >> and good morning do you, anne-marie. well top official's resignation from the bank of japan spurred the market this morning. tokyo's nikkei jumped 3% to close out a four-year high while hong kong's hang sang sank half a percent. the dow shot up 99 points to close at 13,979 while the nasdaq gained 40 points. >>> the end of an era at the post office may be near. after losing $16 billion last year, the post master general is expected to announce today plans to cut costs. one plan mentioned in the past includes saturday mail. it's trimmed its work force by 35%. >>> rumors about dell giving up on wall street and going private are true. the struggling computer company announce
indicated they will let the automatic cuts take effect if there's no long-term agreement to reduce the deficit. both cuts would take a bite out of military and domestic spending programs including a 2% hit to medicare. danielle nottingham, cbs news, the white house. >>> on the "cbs moneywatch" now, overseas markets got a boost and postal problems. ashley morrison is here in new york with that and more. good morning, ashley. >> and good morning do you, anne-marie. well...
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Feb 9, 2013
02/13
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CSPAN2
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eye 73
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all of you should think about forming a bipartisan group in the house to come up with a deficit solution. >> congressman. >> i guess my response to that, it would be this to my think there already is a bipartisan plan that has been laid out there for us to look at. it is not perfect. is this the start. his start. now, candidly it is weak on health care. erskine bowles will tell you that, but i think it is a starting point. i think maybe the answer is it david walker is here he has been vocal on this issue, but maybe we have to do is look at the best aspects of some of the perfect yet -- proposals out there and take those pieces and try to put together a real plan, and it will be bipartisan. at the there is already a foundation out there upon which we can build, so that will be my answer. >> that's a big issue. the biggest threat to our economy is congressional dysfunction. race have to be part of it to my cuts have to be part of it, the pentagon estimate contribution to the effort. we put everything of the table and can get from where we are to where we need to be. that is common-sense.
all of you should think about forming a bipartisan group in the house to come up with a deficit solution. >> congressman. >> i guess my response to that, it would be this to my think there already is a bipartisan plan that has been laid out there for us to look at. it is not perfect. is this the start. his start. now, candidly it is weak on health care. erskine bowles will tell you that, but i think it is a starting point. i think maybe the answer is it david walker is here he has...
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Feb 6, 2013
02/13
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KPIX
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eye 163
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will it bust the rainfall deficit? no. only .25" of rainfall. buttoned of the week will be showery both thursday and friday with a chance of showers. a little bit of fog tomorrow morning along the coast north bay valleys, then we're sunny. showers will get here thursday morning. we will have on-and-off showers for two days both thursday and friday. highs tomorrow upper 50s close to average. but with the breeze it will feel chilly. 58 concord and san jose. palo alto tomorrow 57. pleasant hill 59. hump day san ramon 57 degrees. napa 58. and mid-50s for kentfield, mill valley, sausalito and san francisco. we are looking at an extended forecast with that chance of showers on thursday and friday. over the weekend, here comes the sunshine once again. but it will still be brisk upper 50s, low 60s. next week we are dry once again. we'll be right back. well, well, well. growing up, we didn't have u-verse. we couldn't record four shows at the same time. in my day, you were lucky if you could record two shows. and if mom was recording her dumb show and dad
will it bust the rainfall deficit? no. only .25" of rainfall. buttoned of the week will be showery both thursday and friday with a chance of showers. a little bit of fog tomorrow morning along the coast north bay valleys, then we're sunny. showers will get here thursday morning. we will have on-and-off showers for two days both thursday and friday. highs tomorrow upper 50s close to average. but with the breeze it will feel chilly. 58 concord and san jose. palo alto tomorrow 57. pleasant...
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Feb 6, 2013
02/13
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WUSA
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boehner says he doesn't want another temporary fix if there's no long-term agreement to reduce the deficit. some house republicans have indicated they will let the steep automatic cuts take effect. those would take a huge bite out of military and domestic programs. >>> democrats in the virginia state senate have rejected two amendments that would have provided funding for transportation projects in the state. one of the amendments would replace governor mcdonnell's retail sales tax increase with a narrow 5.5% wholesale tax on gasoline. the second amendment would have set the retail fuel tax at 8%. governor mcdonnell issued a statement which said clearly this was all about partisanship, not policy and virginians deserve far better from their elected officials. >>> d.c. mayor gray vincent unveiled new proposals in his annual state of the district address. >> we are growing more than in decades with 30,000 new residents in the last two years, a growth rate of more than 1100 net new residents per month. >> the mayor proposed spending millions of dollars to build and preserve affordable housing
boehner says he doesn't want another temporary fix if there's no long-term agreement to reduce the deficit. some house republicans have indicated they will let the steep automatic cuts take effect. those would take a huge bite out of military and domestic programs. >>> democrats in the virginia state senate have rejected two amendments that would have provided funding for transportation projects in the state. one of the amendments would replace governor mcdonnell's retail sales tax...
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Feb 6, 2013
02/13
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CSPAN
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this president said he was going to cut the deficit. he went from a $6 trillion economy to a $9 trillion economy. his jobs plan was a complete failure. the democrats talkbout the war on women, yet you have this mr. menendez who flieso a southern country, has sex with an underage gal, and does not want to pay this prostitute. here's a guy who makes all kinds of money. it is ridiculous. the democrats had senator byrd in the race -- in the senate for years and they talk about race. you guys do not seem to be able to get your message across. i know you are frustrated. it is not a spending problem. of course it is a spending problem. we never have budgets like this, throwing money at all times of all kinds of different programs. how many more democrats talk about, i did not cheat on my wife, i only did it when her cancer was in remission. guest: the caller has raised a number of different points. one point, the overarching theme of his call was the frustration he has of republicans getting the message out. i do appreciate c-span allowing us
this president said he was going to cut the deficit. he went from a $6 trillion economy to a $9 trillion economy. his jobs plan was a complete failure. the democrats talkbout the war on women, yet you have this mr. menendez who flieso a southern country, has sex with an underage gal, and does not want to pay this prostitute. here's a guy who makes all kinds of money. it is ridiculous. the democrats had senator byrd in the race -- in the senate for years and they talk about race. you guys do not...
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Feb 3, 2013
02/13
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WUSA
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now the focus in washington has swung back to budgets and deficits. the nation is heading toward budget sequestration. for medicare this means a 2% spending cut. but that's just a downpayment. any serious attempt to tackle the deficit must curb the increase in medicare and medicaid spending. last week a kaiser family foundation report listed 150 ideas to reduce medicare spending. the problem is almost all of
now the focus in washington has swung back to budgets and deficits. the nation is heading toward budget sequestration. for medicare this means a 2% spending cut. but that's just a downpayment. any serious attempt to tackle the deficit must curb the increase in medicare and medicaid spending. last week a kaiser family foundation report listed 150 ideas to reduce medicare spending. the problem is almost all of
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Feb 4, 2013
02/13
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FOXNEWSW
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eye 130
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everybody wanted -- he was there to talk about spending deficit and debt. everybody wanted to talk about gun control. almost to a person everyone said the only reason why the government wants me to go through background checks is so they know what background i have and how many guns i have so they can take my guns. that's what the perception is. >> there's a lot of paranoia. the there is no such plot a foot from anybody involved. of course the president is out of touch with the sport with the family traditions. that's why the picture was posted. >> here's a simple solution. all gun control ought to apply to everybody that includes the body guards anybody who works for the department or agency. if you don't think i need this or that weapon to protect my family you don't need yours. i am saying all americans are worth the same. my family is eerie bit as valuable as anybody else's family when he works in congress or the branch. >> we have to leave it there. stay tuned. we are going to tell you what it takes to accurately predict the outcome of a football game.
everybody wanted -- he was there to talk about spending deficit and debt. everybody wanted to talk about gun control. almost to a person everyone said the only reason why the government wants me to go through background checks is so they know what background i have and how many guns i have so they can take my guns. that's what the perception is. >> there's a lot of paranoia. the there is no such plot a foot from anybody involved. of course the president is out of touch with the sport with...
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Feb 6, 2013
02/13
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WTTG
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congress must find $85 billion in deficit reduction somewhere by march 1st. otherwise, pentagon spending would shrink by 7.9%. domestic spending by 5.3% and medicare would take a 2% reduction. the president prefers an option that raises more money by closing tax loopholes. republicans want to stick with spending cuts only. a study by george mason university estimated that 448,000 jobs in d.c., maryland and virginia could be affected by automatic indiscriminate budget cuts. business leaders and local congressmen are concerned about the impact on our economy. >> and sequestration will hurt not only the defense side but the non-defense side. my committee funds the f.b.i. there will probably be furloughs at the f.b.i. there will be furloughs potentially at the national cancer institute, at nih. this thing has ramifications for defense and non-defense. >> reporter: the cuts were originally scheduled to kick in january 1st because congress couldn't grow on a broad package to reduce the deficit several times in 2011 and 2012 in excomping for republicans agreeing to
congress must find $85 billion in deficit reduction somewhere by march 1st. otherwise, pentagon spending would shrink by 7.9%. domestic spending by 5.3% and medicare would take a 2% reduction. the president prefers an option that raises more money by closing tax loopholes. republicans want to stick with spending cuts only. a study by george mason university estimated that 448,000 jobs in d.c., maryland and virginia could be affected by automatic indiscriminate budget cuts. business leaders and...
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Feb 6, 2013
02/13
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MSNBCW
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the deficit's going down. this year alone, medicare, medicaid, social security and interest on the debt consumes every dollar that washington takes in. this is such a crisis, and it's growing. >> well, this whole idea that don't worry about the debt, you had a little tangle with the krugman a couple of weeks ago. this exposes how wrong the view is. don't worry about the debt because the debt has built to a large number what the congressional budget office is showing is that we're going to be paying a lot of money on that debt, and it's going to crowd out vital public services. and that's why we had to worry about the debt all along. and we didn't. now it's built up. now we're facing reality. i thought it was a little odd. the president said, well, we have to do something, but he didn't offer anything to do because the main part he played was two months ago, he said, let's make the tax cuts permanent, both sides, and now we see, well, you can't afford that. >> you talk about paul krugman -- >> that's what they
the deficit's going down. this year alone, medicare, medicaid, social security and interest on the debt consumes every dollar that washington takes in. this is such a crisis, and it's growing. >> well, this whole idea that don't worry about the debt, you had a little tangle with the krugman a couple of weeks ago. this exposes how wrong the view is. don't worry about the debt because the debt has built to a large number what the congressional budget office is showing is that we're going to...
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Feb 2, 2013
02/13
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CNBC
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the deficit that way. but if you aren't concerned about the deficit, if you think job growth is the most important thing and growth in general, then i don't think you should either cut taxes -- i don't think you should raise taxes or cut spending right now. i think you should focus just on stimulus. >> what they should do is slash across the board all these goofy departments, just really rip into them. and along with that pro-growth tax reform. especially pro-growth business tax reform. and then you'll have the kind of growth that keith is talking about that would actually solve the financial position. >> keith wants growth in general. i don't want growth in general. i want private sector growth. i don't want a bunch of phony government spending that's going to proup gdp numbers. i want private sector growth. if the president wants to make a deal where we get rid of some of these short-term spending cuts for long-term spending cuts he can, but the deal's not going to be -- he doesn't want to do it. he want
the deficit that way. but if you aren't concerned about the deficit, if you think job growth is the most important thing and growth in general, then i don't think you should either cut taxes -- i don't think you should raise taxes or cut spending right now. i think you should focus just on stimulus. >> what they should do is slash across the board all these goofy departments, just really rip into them. and along with that pro-growth tax reform. especially pro-growth business tax reform....
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Feb 6, 2013
02/13
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WTTG
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now, under the terms of some of those previous budget deals, congress must now find $58 billion in deficit reduction either by raising revenue or closing tax loopholes by march 1st. medicare would take a 2% reduction. the president prefers an option that raises more money by closing tax loop hoalsz. republicans want to stick with spending cuts saying they've already done the revenue part. a study estimated 448,000 jobs in d.c., maryland and virginia could be affected by automatic budget cuts. the sequestration cuts are unpopular with both parties and there are concerns about the economic impact. >> our economy right now is headed in the right direction and it will stay that way as long as there aren't any more self-inflicted wounds coming out of washington. >> the sooner we solve our spending problem, the sooner our jobs problem will go away as well. >> reporter: you may remember these cuts were originally scheduled to kick in on january 1st because congress could not agree on a broader package for deficit reduction back in 2011 and 2012 in exchange for republicans agreeing to raise the de
now, under the terms of some of those previous budget deals, congress must now find $58 billion in deficit reduction either by raising revenue or closing tax loopholes by march 1st. medicare would take a 2% reduction. the president prefers an option that raises more money by closing tax loop hoalsz. republicans want to stick with spending cuts saying they've already done the revenue part. a study estimated 448,000 jobs in d.c., maryland and virginia could be affected by automatic budget cuts....
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now, at some point we're going to have to begin reducing the deficit. when we do, the economy will be weak. that will make the deficit challenge even greater. it's a negative feedback loop. right now when all these democrats say, look, mr. market is saying go ahead, borrow, we don't square. that is not a really market. that's the echols building. that's one side of washington telling the other side, don't worry, i'm buying all the bonds. now, if you think this kind of ponzi finance is anything to do with capitalism or free markets or anything to do with sustainability, then you've read an economic textbook that didn't even exist in 1995. dagen: david, thank you so much. david stockman, i know it's like facelift. like the first few you get it kind of hides your age, but eventually you're going to look, well, 8 6. connell: hasn't thought of it that way, but as always, you bring up a unique perspective. dagen: what? i'm really 75. connell: well, you look great. the ftc is pressing for new guidelines on the mobile industry. dagen: and if your worried you --
now, at some point we're going to have to begin reducing the deficit. when we do, the economy will be weak. that will make the deficit challenge even greater. it's a negative feedback loop. right now when all these democrats say, look, mr. market is saying go ahead, borrow, we don't square. that is not a really market. that's the echols building. that's one side of washington telling the other side, don't worry, i'm buying all the bonds. now, if you think this kind of ponzi finance is anything...
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>> i would add ironically the budget deficit is falling. certainly as a percentage of gdp and we'll get on tuesday, i think, from the congressional budget office new budget figures that show, in fact, that the deficit is dropping and dropping pretty significantly. >> guys, one last question to each of you. you have been watching the markets for so long. we have near records for stocks. gdp that shrank, jobs growth that is okay. why is the market so excited about what's happening either corporate profit or the economy? >> you know, that is a good question. i think a lot of people have been asking it. i think we have been in the context of record corporate profits. the fundamentals of the stock price. if you added up all the money that the market forecasts that the company will make in the future, that's how much the stock should be worth. so, record corporate profits in some sense should have been reflected in higher prices already. and now, the only reason they weren't, i think, is because people were afraid that washington might blow it up
>> i would add ironically the budget deficit is falling. certainly as a percentage of gdp and we'll get on tuesday, i think, from the congressional budget office new budget figures that show, in fact, that the deficit is dropping and dropping pretty significantly. >> guys, one last question to each of you. you have been watching the markets for so long. we have near records for stocks. gdp that shrank, jobs growth that is okay. why is the market so excited about what's happening...
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Feb 3, 2013
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he talked about the deficit and by making reductions in spending. he talked about football. mr. obama says the threat of con suggestions for football players means everything should be done for safety, special if you are youth. the standoff between a man holding a young boy hostage and police and what investigators are saying about the situation tonight. >> panetta is speaking out r out about chuck hagel. >> there is no time like the present for john kerry >> still no end in sight to that hostage standoff in alabama. jim continues to hold a 5-year-old boy in a bunker. they have been communicating with him and they are able to provide medicine to the child. ethan will turn 6 years old later this week. so far authorities are tight lipped about what he wants. police say this standoff continues. funeral services were held until alabama for that bus driver. he tried to block him from grabbing more students off the bus. people say he acted heroricically when hi got in the way of the gunman. >> a spokesperson says clinton is a long-time friend and the mayor advised hillary clinton when
he talked about the deficit and by making reductions in spending. he talked about football. mr. obama says the threat of con suggestions for football players means everything should be done for safety, special if you are youth. the standoff between a man holding a young boy hostage and police and what investigators are saying about the situation tonight. >> panetta is speaking out r out about chuck hagel. >> there is no time like the present for john kerry >> still no end in...
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if you combine those together you cannot only reduce the deficit but continue to invest in things like education and research and development that are going to help us grow. >> just a few hours from now president obama will continue his push for gun control. the heated topic on sunday talk shows. kelly wright is life in washington can more. >> president obama will travel to minneapolis the city that is making steps to curb gun violence. he will talk about the issue that can be taken on the federal level to reduce gun violence. it shows deep de visions over what toe do about curbing the violence. a former navy man watched his wife traumatic giffords watch his wife give testimony before. she was one of several people shot by deranged gunman. he tells fox news he believes there are responsibility solutions that can be taken. >> there are common sense things that we can do to make this country a lot safer. sun i have sal criminal background check, identifying the mentally ill and getting those records into the system. >> but kelly says while background checks kept guns from calling into th
if you combine those together you cannot only reduce the deficit but continue to invest in things like education and research and development that are going to help us grow. >> just a few hours from now president obama will continue his push for gun control. the heated topic on sunday talk shows. kelly wright is life in washington can more. >> president obama will travel to minneapolis the city that is making steps to curb gun violence. he will talk about the issue that can be taken...
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was taken to a local hospital to be checked-- since he suffers from asperger's syndrome and attention deficit disorder. there is no word on exactly how the 65 year-old gunman died. >> a former navy seal sniper was one of two men killed at a shooting in a remote gun range in texas on saturday. chris kyle --known for his record number of kills as a sniper was shot and killed at a gun range in texas. veteran chad littlefield was also shot and killed. police say. eddie ray routh. admitted to shooting both men. after a short chase. police arrested routh. routh spent four years in the marines and was unemployed at the time of the shooting. investigators are still trying to figure out a motive. >> meantime. gun control returns to the spotlight. as president obama hits the road. trying to sell his plan to reduce gun violence in america. grant lodes is follwing this story. and tells us how the president is pushing his cause. grant? >> it almost seemed like mister obama was back on the campaign trail today. he flew to minneapolis.meeting with local government and law enforcement leaders. then the presi
was taken to a local hospital to be checked-- since he suffers from asperger's syndrome and attention deficit disorder. there is no word on exactly how the 65 year-old gunman died. >> a former navy seal sniper was one of two men killed at a shooting in a remote gun range in texas on saturday. chris kyle --known for his record number of kills as a sniper was shot and killed at a gun range in texas. veteran chad littlefield was also shot and killed. police say. eddie ray routh. admitted to...
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indicated they will let the automatic cuts take effect if there's no long-term agreement to reduce the deficit. both cuts would take a big bite out of military spending and domestic programs including a 2% hit to medicare. danielle nottingham, cbs news, the white house. >>> we're learning more about the dramatic rescue of that young alabama boy held hostage for a week. the boy identified only by his first name, ethan, celebrated his sixth birthday today. when the fbi stormed the bunker where he was held by his captive, the suspect opened fire. the suspect jimmy lee dykes was killed in that fire fight. dykes was accused of killing ethan's bus driver before kidnapping the boy and it appears he was prepared for a raid. investigators found a bomb in the bunker and one in the pipe dykes used to communicate with the authorities. marlie hall reports. >> reporter: investigators are still gathering and processing evidence from the underground bunker where suspect jimmy dykes held ethan captive. the fbi's hostage rescue team stormed into the bunker monday, set off flash grenades, and then shot and kille
indicated they will let the automatic cuts take effect if there's no long-term agreement to reduce the deficit. both cuts would take a big bite out of military spending and domestic programs including a 2% hit to medicare. danielle nottingham, cbs news, the white house. >>> we're learning more about the dramatic rescue of that young alabama boy held hostage for a week. the boy identified only by his first name, ethan, celebrated his sixth birthday today. when the fbi stormed the bunker...
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Feb 7, 2013
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as a matter of fact, now the deficit is -- the amount compared to our g.d.p. is cut in half. so we are making some inroads. i want to make sure i agree, i think democrats are not afraid at all to cut the budget where it's necessary. but you need to solve this problem with three types of moves. you got to cut the budget, deal with revenues, and invest in this economy for education, energy, and infrastructure. it's a three-prorng approach. nij who thinks you can only do one of these and magically a $16 trillion debt wirl val in-- will vanish overnight is in another world that doesn't exist on this planet. i appreciate the debate that goes on here but we need to be honest, realistic, practical, in dealing with these budgetary issues and they will be tough. people will not -- i can see them now, my town hall meetings when i go to them. sale say cut the budget which we will do. don't get me wrong. we will do that. but when i go back to that same town hall meeting they'll say i didn't mean that program. that will be the story. but the fact is we have serious issues we have to deal
as a matter of fact, now the deficit is -- the amount compared to our g.d.p. is cut in half. so we are making some inroads. i want to make sure i agree, i think democrats are not afraid at all to cut the budget where it's necessary. but you need to solve this problem with three types of moves. you got to cut the budget, deal with revenues, and invest in this economy for education, energy, and infrastructure. it's a three-prorng approach. nij who thinks you can only do one of these and magically...
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to pay down the deficit. and potentially to make our businesses more competitive. >> president's call comes a day after his two most southeastern defense advisors warned the sequester would make the country less safe, and the president says the domestic spending cuts would slow down the economic recovery, which isn't producing jobs fast enough even now, shepard. >> shepard: what are we hearing from republican? reporter: they say the sequester was a white house idea. though the goal was to force a compromise by the so-called supercommittee. that didn't happen. now some lawmakers in both parties say the sequesterses of across the board cuts would be better than a bad deficit reduction deal. one senator said rather than continuing to raise taxes on hard-working americans, congress ought to be looking at ways to reduce our runaway federal spending. senator mitch mcconnell says congress acted on the tax issue when it allowed the bush administration tax cuts for the well-to-do to expire. some of them. now he says i
to pay down the deficit. and potentially to make our businesses more competitive. >> president's call comes a day after his two most southeastern defense advisors warned the sequester would make the country less safe, and the president says the domestic spending cuts would slow down the economic recovery, which isn't producing jobs fast enough even now, shepard. >> shepard: what are we hearing from republican? reporter: they say the sequester was a white house idea. though the goal...
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that deficit would get even bigger at $2 billion. if you factor in what the city needs for infrastructure repairs and retiree healthcare benefits. according to the report, if the city does not enact major reforms, it will go bankrupt. the 10-year forecast was commissioned by the city from an outside firm in philadelphia. mayor rawlings blake is expected to propose financial reforms next week based on that report. linda stow, abc 2 news. >>> president barack obama will be in the state capitol of annapolis. the president is heading there to address u.s. senate democrats during their annual retreat. the event is an opportunity for each cause to talk about the strategy for the upcoming year and a calmer -- in a calmer setting than our nation's capitol. >>> jurors are still trying to come up with a verdict in the felicia barnes murder trial. day three of deliberations will begin this morning. jurors got the case on monday and spent yesterday going over all the evidence. late in the afternoon they asked to watch two videotapes the state sh
that deficit would get even bigger at $2 billion. if you factor in what the city needs for infrastructure repairs and retiree healthcare benefits. according to the report, if the city does not enact major reforms, it will go bankrupt. the 10-year forecast was commissioned by the city from an outside firm in philadelphia. mayor rawlings blake is expected to propose financial reforms next week based on that report. linda stow, abc 2 news. >>> president barack obama will be in the state...
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problem or whether deficit spending should continue. those cuts are already having an impact. a report last week showed the growth in the 4th quarter shrank because of uncertainty of what is going to happen with sequestration. that's the latest here. i'm melanie alnwick. >> thank you much. >>> in other news this morning, dc mayor vincent gray highlighted the city's successes during third annual state of district address. he mentioned a 3% drop in unemployment. the creation of 28,000 private sector jobs in the last two years. unprecedented development and a drop in crime. mayor gray says he hopes to add thousands of new affordable housing units and create new opportunities for start up businesses and tech companies. >> new this morning, dc police officer is recovering and a suspect is in serious condition after a dangerous late night call. officers responded to a domestic violence call on 13th street around 11:00 last night. the suspect attacked the officer with a knife striking him in the back. he is said to be doing okay this morning.
problem or whether deficit spending should continue. those cuts are already having an impact. a report last week showed the growth in the 4th quarter shrank because of uncertainty of what is going to happen with sequestration. that's the latest here. i'm melanie alnwick. >> thank you much. >>> in other news this morning, dc mayor vincent gray highlighted the city's successes during third annual state of district address. he mentioned a 3% drop in unemployment. the creation of...
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Feb 3, 2013
02/13
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he said they will cut the deficit by closing tax loopholes and making smart cuts in spending. >> there is no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit. and we can do it in a gradual way so it doesn't have a huge impact. when you look at some of these deductions that certain folks are able to take advantage of, the average person can't take advantage of it. >> more news later. now back to "to catch a predator." >>> they're stalking the chat rooms, then knocking on the door. welcome back to our latest investigation into computer sex predators. tonight we return to ft. myers, florida, where we've rented a home and equipped it with 13 hidden cameras. over the course of three days two dozen men arrive at the undercover house. most all the men we met had an excuse and some explaining to do. here again, chris hansen. >> he's coming around. >>> the men walking through our door range in age from 20 to 61 and come from very different backgrounds. but most of them say almost the same thing when i confront them. >> so this is the fir
he said they will cut the deficit by closing tax loopholes and making smart cuts in spending. >> there is no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit. and we can do it in a gradual way so it doesn't have a huge impact. when you look at some of these deductions that certain folks are able to take advantage of, the average person can't take advantage of it. >> more news later. now back to "to catch a...
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based on current law which showed much smaller deficits. long-term rates are higher in than we had in this country and that also reflects the higher amount of debt, federal debt relative to g.d.p. than we have had over the past several decades. >> "washington post.? -- "washington post." thinking about how we should view the budget battles over the last two years. we are stabilizing debt at a much higher level. to what extent is that a result of decisions that were made by lawmakers and to what extent that is the underlying recovery in the economy? >> both factors and we have not tried to quantify them. one can look at our projections over the past several years and basically add up each successive revision, so every time we release new budget projections, we report the revisions and we divide them into the effects of economic forecasts and changes to other technical revisions. if one stacked all those up, one can get a sense about how much the debt has changed or the deficit has changed for any given year relative to any particular path pr
based on current law which showed much smaller deficits. long-term rates are higher in than we had in this country and that also reflects the higher amount of debt, federal debt relative to g.d.p. than we have had over the past several decades. >> "washington post.? -- "washington post." thinking about how we should view the budget battles over the last two years. we are stabilizing debt at a much higher level. to what extent is that a result of decisions that were made by...
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to address government spending so they deficit spend. both sides which is why this country does not trust washington. >> i want to get quickly to another issue, chuck hagel's confirmation hearing this week. not even the white house would defend his performance. here's a piece of it. >> i support the president's strong position on containment, as i said. if i said that, meant to say that i -- obviously his position on containment, we don't have a position on containment. >> we do have a position on containment, which is that we do not favor containment. >> he was kind of a surprise there from chuck hagel, probably not going to hurt his chances of confirmation, is even getting some republicans -- >> i think he's going to make it but if you have to clarify your clarification, you're in trouble, no. i mean if we compare, for instance, what he went through with what hillary clinton did with the benghazi hearings, he had two different perspectives. hillary clinton was strong and solid and getting ready for 2016. at the same time, chuck hagel,
to address government spending so they deficit spend. both sides which is why this country does not trust washington. >> i want to get quickly to another issue, chuck hagel's confirmation hearing this week. not even the white house would defend his performance. here's a piece of it. >> i support the president's strong position on containment, as i said. if i said that, meant to say that i -- obviously his position on containment, we don't have a position on containment. >> we...
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let's put us on a path to managing down the debt and deficit. that's what we're for. >> representative cantor -- i'm sorry. i'm sorry to interrupt. i just want to understand, though, is there a new environment there washington now? because we've been talking about the perception that you and the democrats and the president are working to the better. would you characterize it that way or not? >> well, i certainly hope so. you know, again, and the difficulty in working with the president thus far has been that he's not demonstrated a commitment to try to do something about the out-of-control spending. and we know it's all connected to the entitlement growth in this country, and it seems as if he's not willing to tackle that. we remain committed to working with him, and i hope that he can lead. you know, listen, i know that our international allies are looking for america to get its fiscal house in order so that they can see a better day in their country. we've got folks here at home that we want to help. and that's why we're taking the positions t
let's put us on a path to managing down the debt and deficit. that's what we're for. >> representative cantor -- i'm sorry. i'm sorry to interrupt. i just want to understand, though, is there a new environment there washington now? because we've been talking about the perception that you and the democrats and the president are working to the better. would you characterize it that way or not? >> well, i certainly hope so. you know, again, and the difficulty in working with the...
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president obama says he needs more revenue to cut the deficit. he says he's talking about closing tax loopholes ones that benefit high income earners. the president was in minnesota today to talk about gun control. he asked members of his audience in minneapolis to press congress to take actions on proposals such as universal background checks for gun booirs. former official of the united nations nuclear energy says iran will produce enough fuel to make a nuclear bomb every two months. iran has not decided whether to pursue nuclear weapons. special report in washington starts. >> moments ago we heard from law enforcement and aut thoefrities regarding the release of the 5-year-old little boy who has been held captive for 7 days in alabama. let's go to jonathan for the latest. >> kimberly certainly some significant developments here mid afternoon people at the press site heard some sort of a boom. at the time we couldn't tell whether it was gun fire an explosion or a truck door shutting. it got everybody's attention we started hetding over looking
president obama says he needs more revenue to cut the deficit. he says he's talking about closing tax loopholes ones that benefit high income earners. the president was in minnesota today to talk about gun control. he asked members of his audience in minneapolis to press congress to take actions on proposals such as universal background checks for gun booirs. former official of the united nations nuclear energy says iran will produce enough fuel to make a nuclear bomb every two months. iran has...
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place as you know to try to be a bit of a force on congress to make a more sweeping plan of long-term deficit reduction when they couldn't do that, this automatic cut put in to place, in to law. now republicans saying that they expect it will happen and in part are okay with that. because it would automatically begin achieving some spending cuts that the two sides have not been able to come to terms with in another way. you heard the president saying there needs to be more time and the real wrinkle now is that republicans thought the tax issue of increasing rates and more revenue just resolved and from their point of view, they thought no more taxes. that issue's off the table but democrats and the president are talking about things like the famous corporate jet loophole and other things to bring in more money. republicans are saying, no. this is going to be one of those standoff moments. will there be a lot of tension between both sides to try to figure this out? >> absolutely. 2:30 eastern time, the professionive caucus to introduce legislation to eliminate the sequester and seeing a lot of
place as you know to try to be a bit of a force on congress to make a more sweeping plan of long-term deficit reduction when they couldn't do that, this automatic cut put in to place, in to law. now republicans saying that they expect it will happen and in part are okay with that. because it would automatically begin achieving some spending cuts that the two sides have not been able to come to terms with in another way. you heard the president saying there needs to be more time and the real...
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with the information from the congressional budget office saying that they're predicting the budget deficit below $1 trillion for the first time in the president's tenure in office but the agency also goes on to project that the economy will grow 1.4%, just 1.4% if the 85 billion cut affect as scheduled march 1st. here we are with another deadline that's certainly will affect the average working person as we heard from the president. the unemployment would average an 8% if this happens according to the cbo. >> well, and this is the president's message, as well. there would be consequences to the economy if we just let the sequester happen. which some of the republicans have been threatening to do saying it would actually be a good thing and not scared of it. i view that as a bit of a bluff and brinksmanship going on. this is something as you were just saying is designed to be politically unpalatable to both sides and to maintain they're okay with letting it happen i don't think i fully believe that. but, you know, obama is on offense and he's trying to stay on offense on absolutely every is
with the information from the congressional budget office saying that they're predicting the budget deficit below $1 trillion for the first time in the president's tenure in office but the agency also goes on to project that the economy will grow 1.4%, just 1.4% if the 85 billion cut affect as scheduled march 1st. here we are with another deadline that's certainly will affect the average working person as we heard from the president. the unemployment would average an 8% if this happens...
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to pay down the deficit. and potentially to make our businesses more competitive. now, i think this balanced mix of spending cuts and tax reform is the best way to finish the job of deficit reduction. the overwhelming majority of the american people, democrats and republicans, as well as independents, have the same view. and both the house and the senate are working towards budget proposals that i hope reflect this balanced approach. having said that, i know that a full budget may not be finished before march 1st, and unfortunately that's the date when a series of harmful automatic cuts to job-creating investments and defense spend, also known as sequester, are scheduled to take effect. so, if congress can't act immediately on a bigger package, if they can't get a bigger package done by the time the sequester is scheduled to go into effect, then i believe that they should at least pass a smaller package of spending cuts and tax reforms that would delay the economically damaging effects of the sequester for a
to pay down the deficit. and potentially to make our businesses more competitive. now, i think this balanced mix of spending cuts and tax reform is the best way to finish the job of deficit reduction. the overwhelming majority of the american people, democrats and republicans, as well as independents, have the same view. and both the house and the senate are working towards budget proposals that i hope reflect this balanced approach. having said that, i know that a full budget may not be...
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. >> it was specially made, custom plate over the deficit in her skull which is this sort of size in the entrance. and, left-hand side of her skull. >> reporter: wow, the outspoken activist not giving up on her dreams to help others. her determination even stronger after outpouring of support she experienced following her injuries. >> because of these prayers god has given me this new life. and this is a second life. this is a new life. you want to serve. i want to serve the people. and i want every girl, every child to be educated. >> reporter: i love this little girl. malala's latest surgery restored her hearing with a cock letter implant. she will do so with a newly formed found decision, the malala fund, $10 million strong courtesy of pakistan. jon? jon: she is amazing, wow. >> reporter: so are the doctors. good for her. jon: jamie colby, thank you. jenna: new orleans was enjoying its moment in the national spotlight when suddenly the superdome plunged into darkness. the power outage putting the super bowl on hold for more than half an hour. what could cause a blackout right in t
. >> it was specially made, custom plate over the deficit in her skull which is this sort of size in the entrance. and, left-hand side of her skull. >> reporter: wow, the outspoken activist not giving up on her dreams to help others. her determination even stronger after outpouring of support she experienced following her injuries. >> because of these prayers god has given me this new life. and this is a second life. this is a new life. you want to serve. i want to serve the...
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rich: $1.1 trillion, that was our deficit for 2012. this is the most recent projections by the office. this year, a budget deficit -- the decade production was $2.26 trillion. these numbers will be much different. much worse. it must examine the budget as if congress does absolutely nothing. and current policy continues. we have had some changes. mainly that built that passed congress earlier in the year. millions of middle-class americans do not have to pay the amt. it also changed the estate tax bumping down the rate of little bit lower than what it had been over the exception of little bit higher. the numbers we just show you, the real numbers will be much worse. we will find out at 1:00 o'clock. back to you. dagen: are we going to be in a statement from the white house at 1:15 p.m.? rich: he will talk about the sequester. he will push for congress to pass a smaller package of spending cuts and tax reform to avoid the economically harmful consequences. he wants tax increases and spending cuts. the tax issue is closed, says the repub
rich: $1.1 trillion, that was our deficit for 2012. this is the most recent projections by the office. this year, a budget deficit -- the decade production was $2.26 trillion. these numbers will be much different. much worse. it must examine the budget as if congress does absolutely nothing. and current policy continues. we have had some changes. mainly that built that passed congress earlier in the year. millions of middle-class americans do not have to pay the amt. it also changed the estate...